Gucci Mane Net Worth

Gucci Mane Net Worth History

Gucci Mane achieved his wealth primarily through his production of several studio albums, singles, and mix recordings. His 2005 independent debut album, titled “Trap House,” featured several notable hip-hop artists, and it was considered successful for an independent album with no major label backing and little promotion. Mane’s most notable album, “The Appeal: Georgia’s Most Wanted,” was released in 2010, and this record remains the highest charting album of his music career. He is also the founder and CEO of the record label 1017 Brick Squad Records. While his net worth is reported at $500,000, Mane has stated in a lawsuit against manager Debra Antney and her son, rapper Waka Flocka Flame, that he is nearly broke and in trouble with the IRS due to mismanagement of his record label as well as embezzlement by the two defendants.

About Gucci Mane

Mane became interested in poetry as a child and began rapping at 14 years of age. His 2001 album, “La Flare” was produced by Str8 Drop Records, copied onto 1000 discs, and offered for sale on the streets. After an unsuccessful search for a distribution deal in New York, Mane continued to perform and tour the music underground, allying with several performers and record labels. “Trap House” gave him the recognition he sought, rising to the top 20 on Billboard’s R&B/Hip-Hop Albums chart as well as number one on the Billboard’s Heatseekers Albums chart. It also began a feud with rapper Young Jeezy over royalties for “Icy,” a performance featuring Jeezy that was included on “Trap House.”

Gucci Mane has a record of infractions with the law, including cocaine possession, possession of a handgun by a felon, assault/battery, and a murder charge that was dropped due to insufficient evidence. Mane has asserted that the killing was in self defense, stating that while at a residence, he was attacked by four men believed to be connected to Young Jeezy. Mane grabbed his handgun and shot one of the assailants, named Pookie Loc, who was later found dead behind a nearby middle school. This fueled a war of words on each of the two’s later albums and a later offer of truce from Mane. Tensions rose after crews from both rappers fought outside a clothing store in Atlanta after Young Jeezy refused a request from Gucci Mane to to perform “Icy” with him. Young Jeezy claims that his refusal was actually an inability to perform due to ongoing throat surgery.

During productions of his later albums, Gucci Mane has been in and out of prison. He also appeared in two 2012 movies, “Birds of a Feather” and “Spring Breakers,” starring James Franco. Mane is presently incarcerated in the United States Penitentiary in Terre Haute, Indiana after pleading guilty to a charge of possession of a firearm by a convicted felon. Under the terms of his plea deal, Mane’s scheduled release date is March 6, 2017. Had he decided to go to trial, Mane would have faced the likelihood of a 20 year prison sentence.